- Active
863 Parklands Drive
Esquimalt · Single Family
- Beds
- 6
- Baths
- 4
- Sqft
- 3,686
- Built
- 1955
Listed by Initium Real Estate Ltd. · MLS® 1031878
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
Prime 0.42-acre development opportunity w/ approved permits to build a duplex at the rear and convert the existing home into another duplex—creating 4 homes. Developers can hold & rent the house while finalizing construction plans, maximizing ROI from day one. Alternatively, this is an ideal multi-generational property—offering the space & flexibility for families or groups to create customized living arrangements on one property Nestled behind mature trees & set back from the road, this rare gem hits the market for the first time in nearly 30 years.The existing home feat: original hardwood floors & charming mid-century details. .South-facing rear yard captures abundant natural light. Located in the heart of Esquimalt with quick access to popular parks, local amenities, shopping, & dining. Enjoy convenient commutes to Downtown Victoria, Saanich, & the West Shore. Don't miss this versatile opportunity, whether you're building your investment portfolio or your family's future.
Home facts
- Bedrooms
- 6
- Bathrooms
- 4 full
- Interior
- 3,686 sq ft
- Lot size
- 18,480 sq ft
- Year built
- 1955
- Parking
- 6
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Gorge Vale
- Listed
- April 13, 2026
- Structure
- House
- PID
- 005-853-559
- Common interest
- Freehold
Highlights
- Ocean view
Features and inclusions
- Heating
- Forced air, Oil
- Cooling
- Fully air conditioned
- Parking
- Garage, Open, RV
- Lot
- Curb & gutter, Private setting
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $8,769
- Property tax
- $542/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $9,460
Purchase snapshot
- List price
- $1,850,000
- Down payment
- $370,000 (20%)
- Estimated mortgage
- $1,480,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $11,601
- At 6.2708 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Condo / Apartment · 41%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
